Sunday, November 01, 2009

I wonder how long it took before the Democrats in WA hit the phone

screaming to Obama to make that nasty company stay in their state and be screwed?
Wednesday the company announced they were going to ignore the demands of the Washington Machinists Union and go with a non-union shop in South Carolina to build their future 787 Dreamliner. The stock price went decisively upwards.


The 2008 strike was Boeing’s fourth in just two decades, and, at 57 days, the longest since the 69-day strike in 1995, which “poisoned morale for years.” According to the AP, the 2008 strike cost Boeing $100 million a day in deferred revenue and postponement of the 787. That kind of loss won’t be recouped for years.

Boeing’s final offer to the machinists prior to last year’s strike included a 14 percent monthly pension increase, a 2008 lump-sum bonus worth about $3,900 on average, a generous new incentive-pay plan and other perks. All told, Boeing estimated the package was worth an additional $34,000 in extra compensation to the machinists over three years.

But it wasn’t enough.
I'd imagine a lot of the sane union people are sitting somewhere saying "We're screwed, and these idiots did it. I wonder if we could move?"

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